Saturday 25 June 2016
 
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World Bank revises 2016 oil price forecast to $41 per barrel

The World Bank has raised its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets Outlook as an oversupply in markets is expected to recede. Amid improving market sentiment and

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Alba sales surge 1.4pc in Q1

Aluminium Bahrain, a leading global aluminium smelter, posted a 1.4 per cent increase in its overall sales during the first quarter, despite the downside trend of aluminium prices.   For the first quarter of the

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NBK's capital increase ‘to support business growth’

National Bank of Kuwait’s decision to increase its capital by 6.5 per cent would be a positive as it will enhance the bank’s capital adequacy ratios ahead of a full implementation of the Central Bank of Kuwait’s Basel III cap

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Bariatric surgeries triple in UAE

More people are looking at bariatric surgery as a preferred medical solutions to address their weight problems, particularly across the younger generation suffering from obesity, according to an expert.   Dr Rohi

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Nissan Sentra secures record sales growth in Mideast

Nissan’s compact saloon, the Sentra, has recorded an increase in sales during the 2015 model year in the competitive 'C' segment.   While sales across the GCC in this segment have fallen by some 13

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Nass achieves 20pc increase in turnover

Nass Corporation achieved a 20 per cent increase in gross turnover last year at BD99.284 million ($261.4 million) when compared with BD83.026 million for 2014, said a report in the Gulf Daily News (GDN), our sister publication.

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Bahrain Duty Free records $77m revenues, up 3.3pc

Bahrain Duty Free Shop Complex (BDFSC) has reported gross revenues of $77 million for last year, achieving a 3.3 per cent growth over previous year.    The operating profit was $13.7 million, a growth of 14.

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Ras Al Khaimah's tourism revenue up 12pc

Ras Al Khaimah Tourism Development Authority has registered a 12.4 per cent increase in total revenue last year compared to 2014, with industry indicators highlighting a positive performance for the year.   The e

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GE signs electricity generation, maintenance deal with Iraq

GE has signed a 'Power Up Plan' with the Iraqi Ministry of Electricity for critical electricity generation and maintenance projects throughout the country.   The 'Power Up Plan' comprises a set of

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RAK passenger numbers up 17pc

Ras Al Khaimah International Airport recorded significant growth in 2015 across all sectors, registering a 17 per cent rise in passenger traffic over 2014. Aircraft movements of scheduled flights increased by 26 per cent over 2014

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